I'll start with the weekly RSI bullish divergence off the 2022 and 2023 yearly lows. In addition to that, there is also a nice bullish pinbar on the 4M chart. This also hints to a possible bottom/bullish reversal. Price is now pushing against the trendline resistance (from Mar 23' to Jul 24'). Once price is able to break and hold this area it could really...
A bullish pin bar has formed on the gold chart, suggesting a potential rise in gold prices. If the price breaks above the 2325 resistance level, this would confirm the bullish trend. It is advisable to set a stop-loss in the 2310-2305 range to manage risk in case of a breakout.
EUR/USD has displayed bullish characteristics over the last couple of weeks.
- We have reach a high in the market @ 1.095.
- This high was made after a bullish A,B,C,D pattern aka (Trend).
- In bullish markets, prices tend to find support at the previous high, the previous high in this market (To me) is @ 1.085.
- We currently have made a bullish pin bar...
We might play out this as a Gartley222. Not entering at the 78% retracement level,
but we have a great pin bar on the 2Hour chart at a very Key level. Close below the previous major low and a 1 to 1 AB-CD move.
Volume profile- the pin bar occurred on raising volume which for me indicates stops taken, but also it's what Wyckoff will call nonvalidation, huge...
1. Here is the bullish Pin Bar formation at the pullback and touches support level and continue the trend.
2. If the price touches the 50% of the previous Pin Bar then we can enter the long position at that point somewhere it touches.
Hey All,
I wanted to get your feedback on this analysis.
I am solely basing my opinion based on the RSI indicator, MACD and candlesticks on the daily chart.
Although earnings help NASDAQ:NFLX to go up slightly. It had to restest a strong resistance at 562.46. Once it reached the resistance the bears took control which resulted in a pretty strong bearish...
XAUUSD (H4) Weak RSI divergence appears combined with a bearish Pinbar candlestick reversal.
We can execute a Sell order at the current price (2040) With trading plan:
Stop loss at 2048
TP 1 at 2030
TP 2 at 2020 : Fibonacci Retracement (0.382)
TP3 at 2001 : Fibonacci Retracement (0.618)
TP4 at 1990 : Fibonacci Retracement (0.786)
Weak divergence of RSI
Note:...
FOREXCOM:EURCAD is forming a standard bearish setup on the background of the forming downtrend, as the Canadian is getting stronger than the Euro and thus changing the market direction.
On D1 we can see that in general the currency pair is in a global range and it is impossible to identify any key trend, so it is acceptable to trade both buying and selling...
OANDA:XAUUSD , following my expectation, on the background of Friday's NFP falls and reaches the target. The price is testing the level of 2000, but in my opinion, this target will not end this week.
From December 11 to December 15 we are expecting a rather active week, fundamentally. On Friday we got a rather strong NPF for the dollar, which made gold fall...
FX:EURUSD is forming a false breakout. This may be the reason for the formation of correction in the short term. The market is also expecting news today, which is worth paying attention to.
We are interested in CDGO (MoM) today and the one that may affect the price in the short to medium term is Initial Jobless Claims. For the latter, analysts are expecting...
As We Talked in The Previous Analysis:
On Tuesday 7 November, The USOIL Price Broke The Support Level (79.72 - 77.64).
This Support Level Becomes a New Resistance Level.
Currently,
The Price pull back to important Resistance Line,
And Formed a Bearish Pin Bar 📉
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TARGET: 75.60🎯
USDJPY Weekly Short Trade:
Bearish Bat completed
US 10 yr Yiled Reversed
NFP data is bad
Bearish Pin bar Formed
Therefore, Short USDJPY
TP1: 142.10
TP2: 136.40
TP3: 129.76
TP4: 116 (Long Term Target)
Cheers
DXCM had been essentially a range bound stock in the past 3 years, forming what is potentially a long term head & shoulders formation (bearish if break down). However, it looks like the odds of breaking down has diminished with a bullish monthly pin bar now forming after finding support at its 88.6% fib retracement (imperfect double bottom).
The stock is still...
Hi guys. Last week was again a week full off strong bullish momentum. Even the big resistance levels couldn't stop the massive bullrun. The market is overal more moving on fundamentals then technicals. The war going on is making the precious metal in big demand.
I adviced traders to be carefull with selling the market. Intraday/swingtraders having a hard time...
STRATEGY LONG TARGET 175USD YEN
The market thinks the Bank of Japan’s new governor is negative for the yen and a plus for stocks, at least based on his first policy board meeting.
In fact, the headline NFP print showed that the US economy added 253K new jobs in April against 179K anticipated, offsetting the downwardly revised reading of 165K. Adding to this,...
NZDUSD is forming a false breakout and reversal pattern. There is an opportunity for a decline to 0.59000
TA on high timeframe:
1) False breakout of global range resistance
2) The market considers liquidity in the area of 0.59600 as a target
TA on low timeframe:
1) A false breakdown in the "head and shoulders" format is formed
2) Price starts realization of...
